My Home Sanctuary Phase I: Early investment thoughts for Pune buyers
Hey everyone, I've been looking into My Home Sanctuary Phase I in Pune, which is currently upcoming, and wanted to share my initial thoughts from an investment and end-user perspective. Goyal Properties, with over 39 years of experience and 32 projects delivered, brings a strong track record to the table, having developed over 3 million sq. ft. This experience is a positive indicator for project quality and timely delivery. The project spans a significant 9.88 acres, which usually translates to well-planned spaces, ample amenities, and a good lifestyle for residents. For end-users, this means practical livability and a pleasant environment. From an investment standpoint, an upcoming project offers a potential advantage for capital appreciation, especially for early buyers. The current price range of ₹64.91 L – ₹1.03 Cr, with an average of ₹10080/Sqft, gives a clear entry point. Pune's real estate market has seen consistent growth. Entering an upcoming project like this, backed by an established developer and with a substantial project area, could position buyers well for future appreciation as the project develops and the market matures. It’s an opportunity to get in at an earlier stage. My take is that for those prioritizing capital appreciation and seeking a quality lifestyle in a large, well-planned community, My Home Sanctuary Phase I presents a noteworthy option for consideration.
Comments
This thread has been really eye-opening. The initial excitement for My Home Sanctuary Phase I has definitely been tempered by the concerns about the long possession date and especially the RERA project count issue. It makes you realize how many hidden things first-time buyers need to look out for. Maybe it's better to wait for Phase I to be a bit more developed or look at other established areas like Amanora Park Town first?
I'm a bit torn. On one hand, the large project size and potential for appreciation sound great. On the other hand, the RERA discrepancy U5 mentioned is a massive concern. For someone stretching their budget to buy their first home, taking such a risk feels too much. I think I'll stick to projects with a clearer track record, even if it means a slightly higher price. Peace of mind is important.
Putting aside the builder's project count for a moment, the price range of ₹65 L – ₹1.0 Cr seems competitive for Pune, especially with 9.88 acres meaning good amenities. But an average of ₹10080/Sqft for an *upcoming* project, with possession so far away, feels a bit steep. Aren't upcoming projects usually priced lower to attract early investors? I'm comparing it to some ready-to-move options in Ambegaon that are only slightly higher per sqft.
I was looking at this project too, but something felt off. The post mentions Goyal Properties has 39 years of experience and 32 projects delivered. But when I checked the RERA number, PR1261012502725, it shows 'Total Projects: 0' for the builder under this RERA ID. This contradiction is really confusing and making me super cautious. Can anyone clarify this or am I missing something?
This is a classic trick, guys. Sometimes they float new companies for each project to limit liability or hide past issues. Always check the *exact* entity name on RERA. The RERA ID PR1261012502725 is for 'Goyal Properties', but if that entity truly has '0 projects', then the 39 years experience might be for a parent group, not this specific company. Buyer beware!
Oh wow, that's a critical detail, U5! 'Total Projects: 0' sounds like a major red flag, especially when they're claiming 39 years and 32 projects. Maybe it's a new entity for this specific project or a different company name? But still, it's enough to make anyone nervous. Thanks for pointing this out.
U5, you hit the nail on the head! I saw that 'Total Projects: 0' too and it's a huge concern. How can a builder with 39 years experience have zero projects listed under their RERA ID? This is exactly why first-time buyers get scammed. This needs to be investigated before even thinking about booking.
Hey everyone, this post about My Home Sanctuary Phase I got me thinking. The developer, Goyal Properties, with 39 years and 32 projects, sounds really good, right? And 9.88 acres is a huge plus for amenities. I'm a first-time buyer and this seems like a solid option for capital appreciation, especially getting in early. But the possession date of 2031-12-01 is making me a bit nervous. Is that normal for an upcoming project this big? What are your thoughts on this long wait?
U1, I had the exact same thought about the possession date! 2031 feels so far away. My friend booked a place near Sinhagad Road last year and his possession is 2026. This one feels like a decade. Is it really worth blocking funds for so long, even with the potential appreciation?